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$179,900

Beds
2
Baths
2.0
sq ft
1,026

2500 Markham Lane Unit 2, Hyattsville, MD 20785

2500 Markham Lane Unit 2

LANDOVER, MD 20785

  • 2 days on market
This spacious 2-bedroom, 2-bathroom condo at Markham View Condominiums offers an excellent opportunity for homeownership in a well-maintained and financially healthy Condominium Association. Located at 2500 Markham Lane in Landover, MD, this property is part of an Association that has successfully completed several capital improvement projects, resulting in a steady decrease in Association dues each year. The community is located within minutes of the Washington Commander's Stadium, close proximity to parks and retail, and has easy access onto the I-495 Beltway. The Association is financially strong and performing well, ensuring a stable and well-managed living environment. While the community is not currently FHA-approved due to the lower percentage of owner-occupants, the Association is actively working toward FHA approval, which is expected by next year. In the meantime, the seller is currently offering financing as low as 5% down and a 30-year amortization, providing a flexible path to homeownership. Once the Association secures FHA approval, buyers using seller financing will have the option to refinance under FHA loan terms if they choose. This property presents a great opportunity for buyers looking for an affordable and well-managed condominium in a community with a solid financial outlook. For more details or to schedule a viewing, please contact the listing agent. PLEASE NOTE: The Association is only accepting buyers who plan to occupy the home.

Details

Property type

Condominium

Est. home value

$124,833

Lot size

Unknown

Price per sq ft

$176

Year built

1963

Annual property taxes

$1,335

HOA

No

Price History

03/31/2025
Bright

Bright #MDPG2147088

Listed
$179,900
-0.06%
03/28/2025
Bright

Bright #MDPG2142738

Removed
$180,000
02/27/2025
Bright

Bright #MDPG2142738

Listed
$180,000
+195.08%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

DUVAL

School district: 

PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Countrywide Home Loans Inc

Loan start date

May 2007

Original loan amount

$151,500

Est. remaining balance

Not provided

Interest rate

6.17%

Loan type

Stand Alone Second, 30 year

Seller

Thomas Jones

Lender

Countrywide Home Loans Inc

Loan start date

August 2006

Original loan amount

$143,000

Est. remaining balance

Not provided

Interest rate

6.74%

Loan type

Purchase Money Mortgage, 30 year

Seller

Thomas Jones

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 12:55 AM

Listing updated: 03/31/2025 at 4:51 PM

Listed by: Tammika Y Waddy, Quasar Property Management And Real Estate LLC Phone #: (301) 279-0494

MLS: Bright #MDPG2147088

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